Science Park Administration Act of 2005

[AI summary unavailable — showing source text] Science Park Administration Act of 2005 - Amends the Stevenson-Wydler Technology Innovation Act of 1980 to direct the Secretary of Commerce to: (1) award grants for the development of feasibility studies and plans for the construction of new or expansion of existing science parks; (2) make grants to six regional centers for the development of existing science park infrastructure; (3) guarantee up to 80% of the loan amount for loans exceeding $10 million projects for the construction of such infrastructure; and (4) enter into an agreement with the National Academy of Sciences to tri-annually evaluate such development. Amends the Small Business Investment Act of 1958 (SBIA) to establish a Science Park Venture Capital Program. Sets forth eligibility requirements for science park venture capital companies to participate in the Program. Authorizes: (1) guaranteeing payment of principal and interest on the debentures of such companies; (2) the issuance of trust certificates and the guarantee of such certificates; and (3) grants to provide operational assistance. Requires reports. Permits banks to invest in any: (1) science park venture capital company; or (2) entity established to invest…